Motorola Solutions, Inc. (NYSE:MSI) SVP Rajan Naik Sells 5,274 Shares

Motorola Solutions, Inc. (NYSE:MSI) SVP Rajan Naik sold 5,274 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $373.81, for a total transaction of $1,971,473.94. Following the transaction, the senior vice president now directly owns 8,939 shares in the company, valued at approximately $3,341,487.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Motorola Solutions Price Performance

Shares of NYSE:MSI opened at $382.82 on Tuesday. The firm’s 50 day moving average is $357.98 and its two-hundred day moving average is $338.43. Motorola Solutions, Inc. has a 52 week low of $269.64 and a 52 week high of $382.92. The firm has a market capitalization of $63.85 billion, a P/E ratio of 47.32, a PEG ratio of 3.28 and a beta of 0.96. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.29. Motorola Solutions had a net margin of 13.64% and a return on equity of 398.16%. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.34 billion. Analysts anticipate that Motorola Solutions, Inc. will post 12.07 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be paid a dividend of $0.98 per share. The ex-dividend date is Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.02%. Motorola Solutions’s dividend payout ratio is presently 48.45%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MSI. Evercore ISI started coverage on shares of Motorola Solutions in a research report on Monday, March 25th. They set an “outperform” rating and a $400.00 price target on the stock. Barclays raised their target price on shares of Motorola Solutions from $362.00 to $372.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. raised their target price on shares of Motorola Solutions from $400.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Motorola Solutions from $375.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, June 3rd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $358.86.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Qube Research & Technologies Ltd increased its stake in shares of Motorola Solutions by 61.1% during the third quarter. Qube Research & Technologies Ltd now owns 333,697 shares of the communications equipment provider’s stock valued at $90,846,000 after acquiring an additional 126,517 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Motorola Solutions by 2.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 839,123 shares of the communications equipment provider’s stock worth $260,204,000 after buying an additional 17,807 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Motorola Solutions by 15.6% during the fourth quarter. Corient Private Wealth LLC now owns 24,237 shares of the communications equipment provider’s stock worth $7,589,000 after buying an additional 3,278 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Motorola Solutions by 29.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 20,036 shares of the communications equipment provider’s stock worth $6,273,000 after buying an additional 4,594 shares in the last quarter. Finally, Capital International Sarl boosted its holdings in Motorola Solutions by 13.8% during the fourth quarter. Capital International Sarl now owns 57,227 shares of the communications equipment provider’s stock worth $17,917,000 after buying an additional 6,918 shares in the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.